Odyssey Marine Exploration Inc
odysseymarine.comWhat Do They Do?
Provides marine research, scientific services and project-management work to subsidiary companies, other businesses and governments, and develops seafloor mineral resources.
10-K for FY2025, filed Mar 31, 2026
How Do They Make Money?
Odyssey earns revenue from service contracts, generally billing marine-services customers monthly and as the work is performed; it generally receives no upfront payment.
10-K for FY2025, filed Mar 31, 2026The Company currently generates revenues from service contracts with customers. Currently, there are two sources of revenue, marine…View ↗
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10-K for FY2025, filed Mar 31, 2026
FY2025 revenue by product or service ↗
$353.7K
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10-K for FY2025, filed Mar 31, 2026
$353.7K ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Marine Services
Recurring
10-K for FY2025, filed Mar 31, 2026 |
100%
FY2022: 86%
|
Marine Services, FY2025
$353.7K Sources
|
Recurring |
|
Operating and Other
|
0.0% |
Operating and Other, FY2025
$0 Sources
|
Who Are Their Customers?
Odyssey provides exploration, project-development and marine services to subsidiary companies, other businesses and governments; CIC and OML are related-party customers.
10-K for FY2025, filed Mar 31, 2026
Do Revenues Turn Into Profits?
No. It lost $43.1M in FY2025.
10-K for FY2025, filed Mar 31, 2026
−$13.4MView ↗
10-K for FY2025, filed Mar 31, 2026
−$43.1MView ↗
10-K for FY2025, filed Mar 31, 2026
−$8.9MView ↗
How Are They Changing?
- Net income
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Sources
10-Q for Q2 FY2026, filed Aug 11, 2026
−$9.3MView ↗
- ▼ −37% (Loss)
- vs −$14.8M in Q2 FY2025
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Jul 24, 2026
Nasdaq notified Odyssey of a minimum bid-price compliance deficiency
The company has until January 19, 2027, to regain compliance; the notice has no immediate impact on its Nasdaq listing.
Sources
8-K, filed Jul 24, 2026
On July 21, 2026, Odyssey Marine Exploration, Inc. (the “Company”) was notified by the Listing Qualifications Department of the Nasdaq…View ↗
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Apr 8, 2026
Odyssey signed an agreement to merge with American Ocean Minerals
American Ocean Minerals would survive as Odyssey's wholly owned subsidiary; Odyssey's corporate name would change at closing.
Sources
8-K, filed Apr 8, 2026
On April 8, 2026, Odyssey Marine Exploration, Inc. (“Odyssey”), Oceanus Merger Sub, Inc., a Delaware corporation and wholly owned…View ↗
Shrinking. Revenue fell 62% in 4 years, from $921.2K in FY2021 to $353.7K in FY2025, about 21% a year.
Phosphate project structure
The earlier report described the ExO phosphate deposit as a resource expected to serve fertilizer producers; the latest report places its development in a joint venture with CapLat.
10-K for FY2022, filed Mar 31, 2023 10-K for FY2025, filed Mar 31, 2026The "Exploraciones Oceánicas" Phosphate Project is a rich deposit of phosphate sands located 70-90 meters deep within Mexico’s Exclusive…View ↗
On December 23, 2024, the Company, certain of its affiliates and Capital Latinoamericano, S.A. de C.V. (“CapLat”) entered into a Joint…View ↗
Who Do They Compete With?
Competes with Ocean Minerals, The Metals, Global Sea Mineral Resources, and Chatham Rock Phosphate
10-K for FY2025, filed Mar 31, 2026We conduct mineral exploration on both shallow and deep-sea terrains. There are several companies that publicly identify themselves as…View ↗
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